Godsey & Gibb Associates Sells 6,805 Shares of Schlumberger Limited (NYSE:SLB)

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Godsey & Gibb Associates decreased its holdings in Schlumberger Limited (NYSE:SLB) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 322,999 shares of the oil and gas company’s stock after selling 6,805 shares during the quarter. Godsey & Gibb Associates’ holdings in Schlumberger were worth $5,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in Schlumberger by 32.1% during the third quarter. Daiwa Securities Group Inc. now owns 84,831 shares of the oil and gas company’s stock worth $1,320,000 after acquiring an additional 20,634 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Schlumberger by 57.1% in the third quarter. Wedge Capital Management L L P NC now owns 100,153 shares of the oil and gas company’s stock worth $1,558,000 after purchasing an additional 36,418 shares during the period. Athanor Capital LP purchased a new stake in Schlumberger in the second quarter worth about $966,000. Dupont Capital Management Corp grew its holdings in Schlumberger by 51.6% in the third quarter. Dupont Capital Management Corp now owns 103,549 shares of the oil and gas company’s stock worth $1,611,000 after purchasing an additional 35,223 shares during the period. Finally, First National Trust Co grew its holdings in Schlumberger by 24.2% in the second quarter. First National Trust Co now owns 55,851 shares of the oil and gas company’s stock worth $1,027,000 after purchasing an additional 10,871 shares during the period. Hedge funds and other institutional investors own 72.50% of the company’s stock.

In related news, CEO Peuch Olivier Le acquired 25,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average cost of $17.95 per share, for a total transaction of $448,750.00. Following the purchase, the chief executive officer now directly owns 191,770 shares in the company, valued at $3,442,271.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.58% of the stock is owned by corporate insiders.

SLB has been the topic of a number of recent research reports. ValuEngine upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Wells Fargo & Company cut their price target on shares of Schlumberger from $28.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Citigroup upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $26.00 in a report on Monday, July 27th. Exane BNP Paribas started coverage on shares of Schlumberger in a report on Monday, October 12th. They set a “neutral” rating on the stock. Finally, Bank of America cut their price target on shares of Schlumberger from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.29.

Shares of SLB stock traded down $0.25 on Friday, hitting $20.21. 10,302,342 shares of the stock traded hands, compared to its average volume of 16,171,797. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.22 and a quick ratio of 0.92. The company has a market capitalization of $28.13 billion, a PE ratio of -2.66, a PEG ratio of 3.73 and a beta of 2.12. Schlumberger Limited has a 1-year low of $11.87 and a 1-year high of $41.14. The company’s fifty day moving average is $16.18 and its 200 day moving average is $17.97.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 16th. The oil and gas company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.37 billion. Schlumberger had a positive return on equity of 7.34% and a negative net margin of 40.15%. The firm’s revenue was down 38.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. As a group, equities research analysts expect that Schlumberger Limited will post 0.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.47%. Schlumberger’s payout ratio is currently 34.01%.

Schlumberger Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; and petro technical data services and training solutions.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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